Common use of Loan Statement Clause in Contracts

Loan Statement. Borrower and Lender hereby confirm that as of the date hereof, (i) there is no accrued and unpaid interest under the Loan, and (ii) there is no outstanding principal balance under the Loan.

Appears in 2 contracts

Sources: Loan Modification Agreement (Sutron Corp), Loan Modification Agreement (Sutron Corp)